Lafayette Investments Inc. Has $2.40 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Lafayette Investments Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the third quarter, Holdings Channel.com reports. The firm owned 11,620 shares of the semiconductor company’s stock after selling 59 shares during the quarter. Lafayette Investments Inc.’s holdings in Texas Instruments were worth $2,400,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Grimes & Company Inc. raised its holdings in Texas Instruments by 0.6% during the third quarter. Grimes & Company Inc. now owns 22,196 shares of the semiconductor company’s stock worth $4,585,000 after acquiring an additional 130 shares in the last quarter. Harvey Investment Co. LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $210,000. Beese Fulmer Investment Management Inc. raised its stake in shares of Texas Instruments by 1.4% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 55,293 shares of the semiconductor company’s stock worth $11,422,000 after purchasing an additional 767 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Texas Instruments by 8.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,789 shares of the semiconductor company’s stock valued at $2,435,000 after buying an additional 915 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its stake in shares of Texas Instruments by 3.0% in the third quarter. YHB Investment Advisors Inc. now owns 2,275 shares of the semiconductor company’s stock valued at $470,000 after buying an additional 66 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Wednesday. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $2.22 during midday trading on Thursday, reaching $203.96. The company’s stock had a trading volume of 869,267 shares, compared to its average volume of 5,459,005. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a market cap of $186.23 billion, a P/E ratio of 37.50, a P/E/G ratio of 4.22 and a beta of 0.98. The business’s 50 day moving average price is $203.43 and its two-hundred day moving average price is $194.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 96.65%.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last ninety days. 0.68% of the stock is currently owned by company insiders.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.